U.S. XRP ETFs Record More Than $8 Million in Oct. 29 Inflows

U.S. spot XRP exchange-traded funds recorded more than $8 million in net inflows on Oct. 29, led by Bitwise and Franklin Templeton after the group posted a smaller weekly gain through Oct. 23.

Bitwise XRP ETF (XRP) added about $2.86 million, while Franklin XRP ETF (XRPZ) gained about $5.57 million.

The daily inflows followed $4.25 million in net additions for the week ended Oct. 23 (ET). The funds had recorded $1.84 million in outflows for the week ended Oct. 16 (ET).

Net flows measure the balance between fund shares created and shares redeemed. They do not identify investors or establish that the funds bought an equivalent amount of XRP on spot markets.